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U.S. stocks get a bounce from weary financials

Wells Fargo a spark, while oil falls again; autos drive Europe

A WSJ News Roundup

Updated July 17, 2008 12:01 a.m. ET

U.S. stocks got a rare boost from the financial sector, which rallied on strong earnings at Wells Fargo, regulators' moves to quash bearish bets on bellwether Wall Street names, and simple exhaustion among sellers.

Early afternoon Wednesday, the Dow Jones Industrial Average was up 169.72 points, or 1.5%, to 11131.81, a day after it ended below 11000 for the first time in two years. The Nasdaq Composite Index was up 44.28, or 2%, to...